Cibc World Market Inc. Cuts Stake in Invesco S&P 500 Equal Weight ETF $RSP

Cibc World Market Inc. lessened its stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,085 shares of the company’s stock after selling 18,854 shares during the quarter. Cibc World Market Inc. owned about 0.09% of Invesco S&P 500 Equal Weight ETF worth $69,446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Invesco S&P 500 Equal Weight ETF by 3.4% during the 4th quarter. Brighton Jones LLC now owns 7,516 shares of the company’s stock valued at $1,317,000 after acquiring an additional 246 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 4th quarter valued at $83,931,000. Bison Wealth LLC lifted its position in shares of Invesco S&P 500 Equal Weight ETF by 25.8% during the fourth quarter. Bison Wealth LLC now owns 20,957 shares of the company’s stock worth $3,672,000 after purchasing an additional 4,295 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco S&P 500 Equal Weight ETF during the 1st quarter worth approximately $11,553,000. Finally, Callan Family Office LLC lifted its stake in Invesco S&P 500 Equal Weight ETF by 3.6% during the second quarter. Callan Family Office LLC now owns 4,055 shares of the company’s stock worth $737,000 after purchasing an additional 140 shares during the last quarter. 61.18% of the stock is owned by institutional investors and hedge funds.

Invesco S&P 500 Equal Weight ETF Stock Performance

NYSEARCA RSP opened at $203.10 on Wednesday. The company has a 50-day simple moving average of $195.90 and a 200-day simple moving average of $190.63. Invesco S&P 500 Equal Weight ETF has a one year low of $150.35 and a one year high of $203.86. The firm has a market capitalization of $84.23 billion, a PE ratio of 20.10 and a beta of 0.99.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.